Allied Market Research

Antireflective Coatings Market Raise Estimation by Experts 2017

Antireflective coatings are dielectric coatings designed to decrease reflection and increase transmittance through a lens or any other optical surface.

Portland, OR -- (SBWIRE) -- 10/13/2017 -- Global Antireflective Coatings Market was valued at $2,818 million in 2015 and is expected to garner $4,858 million by 2022, registering a CAGR of 8.2% during the forecast period 2016 - 2022. Antireflective coatings are dielectric coatings designed to decrease reflection and increase transmittance through a lens or any other optical surface.

The global antireflective coatings market is expected to grow at a significant rate during the forecast period owing to rise in adoption of antireflective coatings by eyewear & photovoltaic industries and increase in awareness about importance of antireflective coatings in optical glasses In audition, increase in the energy efficiency of solar panels by using antireflective coatings has supplemented the market growth.

The antireflective coatings market is expected to show high growth rate in developing economies of the Asia-Pacific region. This is attributed to the vast adoption of emerging technologies such as antireflective coatings and smart glass in automotive sectors, especially in India and China.

The global antireflective coatings market is majorly driven by developments in the eyewear & photovoltaics industry and increase in applications of antireflective coating in the construction sector. However, high manufacturing costs and lack of awareness about maintenance and appropriate usage of these coatings hinder the growth of the market.